Скачать или смотреть THE GREAT INFLATION: How the US Avoided the End of the DOLLAR?

Explore the historical significance of the great inflation in this insightful video. At the end of World War II, the United States emerged victorious and took control of the international monetary system. However, the burden became too heavy, leading to a near-collapse and the challenging era of the great inflation. Learn about the Bretton Woods agreement in 1944, where 44 countries established the U.S. dollar as the world's primary reserve currency.

Discover the factors that led to the end of Bretton Woods in 1971, as the United States faced deficits and economic challenges. Witness the collapse of the dollar's convertibility to gold and the impact of the energy crisis in the 1970s. Delve into the role of influential figures like economist Milton Friedman and Federal Reserve Chairman Paul Volcker in overcoming inflation.

Witness how Volcker's bold measures, including raising interest rates to historic highs, helped the U.S. regain control and stabilize the dollar. Despite the success, the aftermath included economic recessions, highlighting the complex consequences of combating inflation. Uncover the lessons learned from this transformative period in economic history.

00:00 Intro
00:34 Bretton Woods
02:34 The end of Bretton Woods
05:00 The collapse of the dollar
06:56 The energy crisis of 1970
08:06 Milton Friedman
10:29 Paul Volcker
14:24 Economic crisis in the United States

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